Charles Schwab Investment Management Inc. Buys 38,650 Shares of D.R. Horton, Inc. (NYSE:DHI)

Charles Schwab Investment Management Inc. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,897,164 shares of the construction company’s stock after purchasing an additional 38,650 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.62% of D.R. Horton worth $241,186,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Azzad Asset Management Inc. ADV increased its stake in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock valued at $1,221,000 after acquiring an additional 89 shares during the period. Aptus Capital Advisors LLC increased its stake in D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock valued at $446,000 after acquiring an additional 98 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in D.R. Horton by 2.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock valued at $470,000 after acquiring an additional 98 shares during the period. Continuum Advisory LLC increased its stake in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company’s stock valued at $68,000 after acquiring an additional 100 shares during the period. Finally, Unison Advisors LLC increased its stake in D.R. Horton by 0.3% in the first quarter. Unison Advisors LLC now owns 38,719 shares of the construction company’s stock valued at $4,922,000 after acquiring an additional 103 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $156.35 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm’s 50 day moving average is $134.10 and its 200-day moving average is $129.61. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.32 and a beta of 1.34. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the business earned $4.10 earnings per share. D.R. Horton’s quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton’s payout ratio is 12.83%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHI shares. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group boosted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, BTIG Research reduced their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $153.23.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company’s stock, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.